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Author: Faisal Shahnawaz

  • Pakistan stocks fall amid attack on ex-PM

    Pakistan stocks fall amid attack on ex-PM

    KARACHI: Pakistan stocks fell on Friday due to uncertainty after an attack on former Prime Minister Imran Khan a day earlier.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,856 points from previous day’s closing of 42,092 points, showing a decline of 234 points.

    READ MORE: KSE-100 index gains 146 points in mixed trading session

    Analysts at Arif Habib Limited said that a negative session was observed at the stock market during the day.

    Due to the ongoing political uneasiness, the market tanked as soon as the bell rang and kept losing ground during both sessions, which caused investors to shy away from the equity market, drying up volumes across the board while third-tier equities continued to garner attention.

    READ MORE: Pakistan stocks gain as investors hope good from PM China visit

    Sectors contributing to the performance include Technology & Communication (-55.4 points), Cement (-55.8 points), Commercial Banks (-22.3 points), E&P’s (-23.7 points) and Pharmaceuticals (-25.3 points).

    READ MORE: Bulls return as benchmark index gain 544 points

    Volumes decreased from 325.7 million shares to 298.1 million shares (-8.5 per cent DoD). The average traded value also decreased by -24.2 per cent to USD 24.6 million as against USD 32.4 million.

    Stocks that contributed significantly to the volumes are HASCOL, WTL, SSGC, DCL and CNERGY.

    READ MORE: Stocks end positive amid political unrest

  • Karachi Interbank Offered Rates KIBOR – November 03, 2022

    Karachi Interbank Offered Rates KIBOR – November 03, 2022

    KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on November 03, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week14.9515.45
    2 – Week14.9915.49
    1 – Month15.0815.58
    3 – Month15.5215.77
    6 – Month15.6015.85
    9 – Month15.6216.12
    1 – Year15.6416.14

    READ MORE: Karachi Interbank Offered Rates KIBOR – November 03, 2022

  • Nissan Z GT4 unveiled at 2022 SEMA show

    Nissan Z GT4 unveiled at 2022 SEMA show

    Nissan Motor Co., Ltd. and Nissan Motorsports unveiled the Nissan Z GT4, which is based on the Nissan Z. The unveiling event took place at the 2022 SEMA show in Las Vegas, Nevada.

    (more…)
  • Rupee inches up against dollar to end PKR 221.92

    Rupee inches up against dollar to end PKR 221.92

    The Pakistani Rupee (PKR) displayed resilience on Friday, registering a modest gain of three paisas against the US dollar in the interbank foreign exchange market. The exchange rate closed at PKR 221.92 to the dollar, compared to the previous day’s closing of PKR 221.95.

    (more…)
  • State Bank issues foreign exchange rates on November 04, 2022

    State Bank issues foreign exchange rates on November 04, 2022

    KARACHI, November 04, 2022 – The State Bank of Pakistan (SBP) has released the foreign exchange rates for November 04, 2022.

    (more…)
  • Bitcoin to PKR, USD on November 04, 2022

    Bitcoin to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,561,794.76 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,522,195.60 at closing on November 03, 2022.

    The rate of Bitcoin in US Dollar (USD) is $20,605.48 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,303.83 at closing on November 03, 2022.

    READ MORE: Bitcoin to PKR, USD on November 03, 2022

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    Ripple to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs102.81 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.87 at closing on November 03, 2022.

    The rate of Ripple in US Dollar (USD) is $0.46 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.46 at closing on November 03, 2022.

    READ MORE: Ripple to PKR, USD on November 03, 2022

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    Dogecoin to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Dogecoin to PKR is Rs27.11 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs29.98 at closing on November 03, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.12 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.13 at closing on November 03, 2022.

    READ MORE: Dogecoin to PKR, USD on November 03, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Ripple to PKR, USD on November 04, 2022

    Ripple to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs102.81 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.87 at closing on November 03, 2022.

    The rate of Ripple in US Dollar (USD) is $0.46 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.46 at closing on November 03, 2022.

    —————————————————————————

    Dogecoin to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Dogecoin to PKR is Rs27.11 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs29.98 at closing on November 03, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.12 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.13 at closing on November 03, 2022.

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    Bitcoin to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,561,794.76 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,522,195.60 at closing on November 03, 2022.

    The rate of Bitcoin in US Dollar (USD) is $20,605.48 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,303.83 at closing on November 03, 2022.

    —————————————————————————

    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Dogecoin to PKR, USD on November 04, 2022

    Dogecoin to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Dogecoin to PKR is Rs27.11 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs29.98 at closing on November 03, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.12 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.13 at closing on November 03, 2022.

    READ MORE: Dogecoin to PKR, USD on November 03, 2022

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    Ripple to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs102.81 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.87 at closing on November 03, 2022.

    The rate of Ripple in US Dollar (USD) is $0.46 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.46 at closing on November 03, 2022.

    READ MORE: Ripple to PKR, USD on November 03, 2022

    —————————————————————————

    Bitcoin to PKR, USD on November 04, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 04, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,561,794.76 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,522,195.60 at closing on November 03, 2022.

    The rate of Bitcoin in US Dollar (USD) is $20,605.48 on November 04, 2022 at 01:50 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,303.83 at closing on November 03, 2022.

    READ MORE: Bitcoin to PKR, USD on November 03, 2022

    —————————————————————————

    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Pakistan FX reserves rise to $14.69 billion after ADB transfer

    Pakistan FX reserves rise to $14.69 billion after ADB transfer

    KARACHI: Pakistan foreign exchange reserves have increased by $1.527 billion to $14.69 billion by week ended October 28, 2022 after transfer of funds from Asian Development Bank (ADB).

    The country’s foreign exchange reserves increased to $14.689 billion by week ended October 28, 2022 as compared with $13.162 billion a week ago i.e. October 21, 2022, State Bank of Pakistan (SBP) said on Thursday.

    READ MORE: SBP’s weekly forex reserves dip by $157 million to $7.44 billion

    The ADB released the fund amounting $1.5 billion to Pakistan on October 26, 2022.

    The country’s foreign exchange reserves hit all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $12.539 billion.

    The official foreign exchange reserves of the State Bank also increased by $1.473 billion to $8.913 billion by week ended October 28, 2022 when compared with $7.44 billion a week ago.

    READ MORE: Pakistan’s weekly forex reserves increase nominally

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by week ended August 27, 2021. Since then the official reserves of the SBP dropped by $11.233 billion.

    READ MORE: Pakistan’s forex reserves continue to fall; deplete to $13.25 billion

    Previously, the central bank received $1.16 billion from the International Monetary Fund (IMF) under Extended Fund Facility (EFF) program, which increased the official reserves to $8.8 billion. But scheduled repayment gradually depleted the official reserves of the central bank.

    READ MORE: Pakistan’s forex reserves decline to $13.59 billion

    The foreign exchange held by commercial banks witnessed an increase of $44 million to $5.766 billion by week ended October 28, 2022 as against $5.722 billion a week ago.

  • KSE-100 index gains 146 points in mixed trading session

    KSE-100 index gains 146 points in mixed trading session

    KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 146 points on Thursday in mixed trading session during the day.

    The index ended at 42,091 points from previous day’s closing of 41,945 points, showing a gain of 146 points.

    READ MORE: Pakistan stocks gain as investors hope good from PM China visit

    Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX today continuing the favorable momentum from the previous close.

    Despite opening in the red territory the market bounced back and made an intraday high of 288.87 points as investors opted for value hunting in the main board.

    READ MORE: Bulls return as benchmark index gain 544 points

    Healthy volumes were recorded across the board, on the contrary 3rd tier stocks remained volume leaders.

    Sectors contributing to the performance include Technology & Communication (+67.9 points), E&P’s (+26.4 points), Commercial Banks (17.7 points), Cement (+14.4 points) and Pharmaceuticals (+8.7 points).

    READ MORE: Stocks end positive amid political unrest

    Volumes increased from 230.5 million shares to 325.7 million shares (+41.3 per cent DoD). The average traded value also increased by 15.1 per cent to USD 32.5 million as against USD 28.2 million.

    Stocks that contributed significantly to the volumes HACOL, WTL, GGL, DCL and CNERGY.

    READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March